[Repeat Offender]

Welcome Back Catuh.

[rhombus]

still waiting...

[screaminsunshine]

They can’t raise rates cause of all the ARM’s coming up. The market will do it for them. The Ponzi is busted.

[Tarpon]

Now with the nation’s economy back on the road to recovery

LOL -- That's the funniest joke I have heard since the last Obama teleprompter séance. Translation, no one will buy our fiat paper anymore unless we jack up interest rates ... Hello inflation.

[DManA]

[OVER]consumers will be facing a financial burden of rising interest rates.

[EGPWS]

According to economists, interest rates will rise to surmount the ever increasing debt and prevent inflationary trends in the nation.

What debt?

Obama just this morning sneaked out of the White House without the press to get more from his stash to pay for all the goodies he has bought for his cronies.

[blam]

The Great Correction…Still Pending

[Free Per the Constitution]

Say bye bye to what was left of the real estate market.

[EGPWS]

Welcome Back Catuh.

Great, my first mortgage (FHA) was 12.25% payable as soon as I was able to reach slot #1 at the gas pumps, after hours in line, that went from showing .25/gallon to .85/gallon and soon after to $1.85/gal.

[cgbg]

This “media meme” of “recovery” parallels almost perfectly comments in 1930 and 1931.

This is going to get very ugly.

[big'ol_freeper]

Might as well call this the Jimmy Carter effect. Higher interest rates will also cause employers to not borrow to expand thereby not hiring or even laying off workers because of high interest expenses.

Idiots in Washington.

[Riodacat]

"It's been a great thrill as rates descended......."

Yes, it's been a big fukin thrill (to paraphrase Joe Biden).

[Painesright]

There are supposedly $10 - $15 Billion PER MONTH in Prime ARMS that are going to hit their adjustment period in 2011.

Will definitely be interesting to see how it plays out...

A quote from the article titled, “Credit Suisse: $1 trillion worth of ARMs still face resets”

“McBride is worried about the prime ARMs posted in the Credit Suisse chart. The chart shows $10 billion to $15 billion resetting each month. If a substantial number of those borrowers do not refinance and interest rates shoot up, McBride said he could see $50 billion worth of prime ARMs facing payment shocks each month by 2011.”

http://www.snl.com/interactivex/article.aspx?CDID=A-10770380-12086

[Montfort]

If Fitch were to substantially lower the US Gov’t’s bond rating, I wonder if Congress would issue subpoenas.